M&A Deal Summary

Fitch Group Acquires Fulcrum Financial Data

On May 31, 2018, Fitch Group acquired information services company Fulcrum Financial Data from Leeds Equity Partners

Acquisition Highlights
  • This is Fitch Group’s 1st transaction in the Information Services sector.
  • This is Fitch Group’s 1st transaction in the United States.
  • This is Fitch Group’s 1st transaction in New York.

M&A Deal Summary

Date 2018-05-31
Target Fulcrum Financial Data
Sector Information Services
Buyer(s) Fitch Group
Sellers(s) Leeds Equity Partners
Deal Type Add-on Acquisition

Target

Fulcrum Financial Data

New York, New York, United States
Fulcrum Financial Data LLC is a provider of a financial technology and information services platform. The company is comprised of four unique, entrepreneurial companies that provide research, news and data analytics in the credit information space.

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Buyer(S) 1

Buyer

Fitch Group

New York, New York, United States

Category Company
Sector Information Services
DESCRIPTION

Fitch Group is a provider of financial information services. Fitch Group is comprised of: Fitch Ratings, a global provider of credit ratings and research; Fitch Solutions, a provider of credit market data, analytical tools and risk services; Fitch Learning, a provider of learning and development solutions for the global financial services industry; and Business Monitor International, a provider of country risk and industry analysis specializing in emerging and frontier markets.


DEAL STATS #
Overall 4 of 6
Sector (Information Services) 1 of 2
Type (Add-on Acquisition) 4 of 6
State (New York) 1 of 3
Country (United States) 1 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-14 Business Monitor International

London, United Kingdom

Business Monitor International is a leading country risk and industry research firm offering comprehensive and timely coverage of 175 countries and 23 industry verticals. BMI content offers clients highly structured, consistent coverage of every country and industry vertical, applying BMI?s proprietary forecasting, risk rating and assessment methodologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 CreditSights

New York, New York, United States

CreditSights is an independent research provider. The Company's mission is to provide value added input that helps clients make prudent and profitable investment and risk management decisions consistent with their risk profiles.

Buy -

Seller(S) 1

SELLER

Leeds Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Leeds Equity Partners is a specialist private equity firm that targets investments in middle-market companies operating in knowledge industries. Specific areas of interest include education (K-12, postsecondary, at-risk/special education, instruction materials, testing), training (corporate training, professional certification/continuing education, language training), and information/business services (b2b publishing, information databases/research, tradeshows/conferences, business process outsourcing, consulting, staffing, marketing). Leeds prefers investing in established companies that are leaders in their respective markets. Leeds Equity Partners was formed in 1993 and is based in New York, New York.


DEAL STATS #
Overall 14 of 21
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (New York) 1 of 1
Country (United States) 12 of 19
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 Endeavor

Miami, Florida, United States

Endeavor operates private-pay schools across the U.S., educating students from preschool through high school. Endeavor has organically and inorganically built a network of high quality schools across the U.S. The company's mission is to partner with great educators and provide them with the infrastructure, leadership, guidance and support they need to produce extraordinary outcomes and experiences for the students and families they serve. Endeavor is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Exterro

Beaverton, Oregon, United States

Exterr is an end-to-end SaaS platform that enables corporate legal departments to effectively manage all aspects of the e-Discovery process. Exterro was founded in 2005 and is based in Beaverton, Oregon.

Buy -